Saturday, May 18, 2013
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MND Group, a member of the KKCG investment group, has sold its subsidiary MND Exploration & Production Limited to Pakistan Petroleum Limited (PPL). PPL is now the owner of all assets formerly held by MND in Pakistan and Yemen. MND E&P owns working interest in the production licence of Sawan...
Yemen has invited international firms to bid for 15 offshore and onshore oil and gas exploration blocks, Yemen Online reported citing an announcement by country’s the oil ministry Wednesday. Firms that want to participate have until April 20 to submit their letters of intent, the ministry said...
Indonesia’s Medco Energi Internasional has acquired a share in an oil and gas field in Yemen for $90 million. “The purchase agreement was signed between Medco Yemen and the previous owner, Reliance Exploration & Production DMCC [REPDMCC] on July 5 and it is now awaiting approval from...